Thaco Group raises 2,000 billion VND through bond issuance

Thaco Group (Truong Hai Group) has successfully completed a bond issuance totaling 2,000 billion VND. The bonds, identified by code THCL12601, carry a 36-month term with a maturity date of September 15, 2029.

The issuance features an initial fixed interest rate of 11.75% per annum. For subsequent interest periods, the rate will be determined by the higher of a reference rate plus 5.5% per annum, ensuring the rate does not fall below the initial 11.75%.

VIS Rating assigned an A+ credit rating to this bond series. To secure the issuance, Orient Commercial Joint Stock Bank (OCB) has provided a payment guarantee for the entire term, capped at 2,200 billion VND to cover principal, interest, and potential late payment penalties.

Thaco intends to use the proceeds to contribute capital to a business cooperation contract with Thiso International Trading and Service JSC. This investment is aimed at developing a commercial service center and supermarket project.